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foreclosure

[ fawr-kloh-zher, fohr- ]

noun

Law.
  1. the act of foreclosing a mortgage or pledge.


foreclosure

  1. A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.
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Other Words From

  • anti·fore·closure noun adjective
  • nonfore·closure noun
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Word History and Origins

Origin of foreclosure1

First recorded in 1720–30; foreclose + -ure
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Example Sentences

The suit alleges that the foreclosure “was part of a sham to defraud creditors” and did not disrupt business operations.

“As survivors heal from the trauma of recent disasters, the threat of foreclosure should be the last thing on their minds,” Newsom said in a statement.

In “The Goonies,” one of his earliest acting credits, a 13-year-old Quan portrayed the crafty Data who helps his friends locate a hidden pirate treasure and save their neighborhood from foreclosure.

The bill also would prohibit a mortgage servicer from initiating a foreclosure, and moving for or executing a foreclosure judgment or sale.

More than a few have faced foreclosure, leaving owners anxious about the need to get tenants back in their buildings or find another use for the millions of unused square feet.

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forecloseforeconscious